Protectionism is a drag anchor and governments are not doing enough. U. S. Agrees iran was behind the aramco attacks. Tehran denies that and warns of allout war if it is attacked. Shery lets get you started with a check of the markets in the u. S. We are seeing futures unchanged, after a mixed closed on this theres day. We have the dow moving more than 50 points. The s p 500 finishing unchanged. We had a boost earlier in the session coming from white house Economic Advisor larry kudlow sounding more optimistic on trade. Then we had another trump advisor hinting at 50 21 50 to 100 tariffs on chinese goods. Rising uncertainty on trade, not to mention the oecd cutting Global Growth forecasts. That led to our haven demand bonds rallying for a fourth consecutive session and the 10 year yield sitting at that 178 level. Not see how things are shaping up in asia. We are this friday, potentially seeing a muted start for asian stocks. Bonds drifting as treasuries nudge higher. Tensions will be o
Trumps latest trade rhetoric calms markets, but unease sets in with futures wavering in europe and america. Close to a coalition . Italys fivestar and democratic parties are near agreement on a new government with Giuseppe Conte staying on as premier. Said he would be open to talks with the u. S. But only if sanctions are lifted on his country. Matt less than a halfhour from the start of european trade. Take a look, first off, at gold holding gains. Not as high as yesterday, before the start of the g7 and biarritz. Hit 1533 per troy ounce, but holding onto what we saw the last couple of sessions. A look at the futures. Kind of a mixed trade, looking at futures that are down in terms of the ftse, about. 5 . But gaining just as much on the 50. Cac futures little changed, but ftse futures down about. 5 . What do you see on the gmm . Anna a more hopeful trade narrative, perhaps, from the g7, which we covered around exactly 24 hours ago. That filtered into the asian session, and something m
Not ready for a deal. President donald trump says the United States and china are talking on trade, but not at a stage to finalize an agreement, and talking up the economy. The u. S. Administration has pushed back against fears of a recession. Withresident held a call the ceos of jp morgan, city, and bank of america. Plus, the german finance minister says the country could spend millions of dollars in sustained downturn. Less than half hour away from the start of stock trading. A threeday chart here. The yield continues to rise a little bit as market concerns are assuaged by Donald Trumps statement he is talking with china, that the u. S. And china are talking. That is enough to help global rally, although we mentioned, the chinese rate revamping may be affecting chinese stocks. You are seeing big gains across asia. Big gains well, i dont know about big gains. Gains in futures. They are decent sized. 0. 3 percent. P cac futures 0. 5 . Ftse futures a little more. Lets get to mark cranfi
Afternoon if you are watching from asia. These are your markets. We have quite a lot going through and extra data to check. You can see the stocks europe 600 down 2 because of the fair catch fresh tariff ramp imposed kind of came out of nowhere. People are wondering if it means we will not see a resolution. The one to watch, extending gains and treasuries heading higher. Crude at 54. 8. And if you break down some of the stocks and where we are seeing nervousness, you can see basic resources down 4 . And the u. S. 10 year yield at 1. 84. Coming up later on the program, we have a great exclusive for you. When youre on from taking the ,op job, we talk trade, china and luxury with chief executive. Dont miss that interview 30 minutes from them. From now. Now lets get first word news. The new Prime Minister has seen his parliamentary majority cut to just one after losing an wales. N and the liberal democrats won the special ballot. The tory mp for the area have been recalled after a convicti
Matt miller in berlin. Lets check in on whats going on in the market. We do have gains across some european indices, right now you can see the stoxx 600 up. 2 , the broader European Index is gaining. The dollar is also strengthening against the yuan, you can see one dollar now buys 689. 71 offshore, and the pound is weakening. You can see it down 123. 38. As we get closer to the possibility of hard brexit or new elections, investors continue to sell sterling. Now to the first word news with Viviana Hurtado in new york. Chief executive carrie lam has condemned the violence in her first News Conference on the city since the end of british rule. Fresheclaration follows demonstrations with Police Firing tear gas and rubber bullets at protesters. This week, u. S. China trade talks are set to resume in shanghai, the first since discussions broke down almost three months ago two days of talks are scheduled to begin after president s trump and xi reached a troop at the g20 although deep tensio